Saudi to provide cash incentives for private sector to hire locals

Saudisation has been given a further push as the government announces that it will offer cash incentives to private sector employers who hire Saudis. Under the reform agenda spearheaded by crown prince Mohammed bin Salman, Saudi Arabia aims to  reduce unemployment among Saudis, currently standing at 12.8%, and reduce the public sector wage bill by bolstering private sector employment. Under the programme, the government will offer support for Saudi employees earning between SAR4,000 ($1...